KUALA LUMPUR: Having allocated RM350mil to Malaysia Debt Ventures Bhd (MDV) under the Ninth Malaysia Plan, the government is in negotiations with Japan Bank for International Cooperation (JBIC) for additional funding of RM1.5bil for the company, said Second Finance Minister Tan Sri Nor Mohamed Yakcop.
The fund was important to ensure MDV continued to play its key role of bridging a crucial financial gap in the information and communications technology (ICT) industry that would bring Malaysian innovations to commercial fruition, he said at the launch of MDV's rebranding exercise yesterday.
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